SAN DIEGO, April 17, 2023 (GLOBE NEWSWIRE) —
The class: Robbins LLP reminds investors that a shareholder has filed a class action lawsuit on behalf of all individuals and entities that purchased or otherwise acquired Plug Power Inc. PLUG Common stock between August 9, 2022 and March 1, 2023 for violations of the Securities Exchange Act of 1934. Plug is a hydrogen fuel cell company that develops propulsion systems for use in electric vehicles, stationary power units and other purposes.
What now: Shareholders in a similar situation may be eligible to participate in the class action lawsuit against Plug. Shareholders who wish to be lead plaintiffs in the class action must file their filings by June 12, 2023. A Lead Plaintiff is a representative party acting on behalf of other Class Plaintiffs in the conduct of the litigation. You do not have to be present at the case to be eligible for a recovery. Click for more information Here.
All representations are on a contingency fee basis. Shareholders pay no fees or costs.
What is it about in this case: Plug Power Inc. (PLUG) has failed to disclose its inability to effectively manage its supply chain and product manufacturing
According to the lawsuit, the defendants have not disclosed any material adverse facts about the Company’s business and operations throughout the class period. Specifically, the defendants misrepresented and/or failed to disclose that the company’s failure to effectively manage its supply chain and product manufacturing resulted in, among other things, reduced sales and margins, increased inventory levels, and multiple delays in major deals until at least 2023 . These issues resulted in a slowdown in the company’s revenue growth and a steady decline in the price of Plug’s common stock.
Contact us to find out more:
Aaron Dumas
(800) 350-6003
adumas@robbinsllp.com
Shareholder Information Form
About Robbins LLP: The attorneys and associates of Robbins LLP, a recognized leader in shareholder rights disputes, are dedicated to helping shareholders recover losses,…
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